v3.25.4
Real estate acquisitions and amortization of intangibles (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amortization of Deferred Charges [Abstract]      
Amortization of Debt Issuance Costs $ 1,865,000 $ 1,914,000 $ 1,943,000
Amortization of facility fees 960,000 1,012,000 1,005,000
Amortization of deferred leasing costs 28,026,000 25,522,000 22,133,000
Amortization of above and below Market Leases 6,261,000 2,916,000 2,483,000
Amortization of Acquired-in-place lease intangibles 12,526,000 8,649,000 7,942,000
Projected amortization of acquired-in-place lease intangibles [Abstract]      
Total projected amortization of in-place lease intangibles 36,463,000 38,658,000  
Asset Acquisition [Abstract]      
Land 951,787,000 888,140,000  
Buildings and building improvements 4,173,416,000 3,815,850,000  
Tenant and other improvements 829,609,000 761,061,000  
Right of use assets - Ground leases (operating) [1] 34,976,000 38,393,000  
In-place lease intangibles 64,619,000 59,101,000  
Below market lease intangibles (34,764,000) (29,198,000)  
In-place lease intangibles      
Projected amortization of acquired-in-place lease intangibles [Abstract]      
2026 10,759,000    
2027 7,826,000    
2028 5,338,000    
2029 4,313,000    
2030 3,007,000    
Thereafter 5,220,000    
Total projected amortization of in-place lease intangibles 36,463,000    
Below market lease intangibles      
Projected amortization of acquired-in-place lease intangibles [Abstract]      
2026 6,018,000    
2027 4,698,000    
2028 3,098,000    
2029 2,788,000    
2030 2,087,000    
Thereafter 4,704,000    
Total projected amortization of in-place lease intangibles 23,393,000    
Commercial Real Estate      
Asset Acquisition [Abstract]      
Land 31,590,000 41,815,000 44,676,000
Buildings and building improvements 101,505,000 312,911,000 111,082,000
Tenant and other improvements 6,800,000 27,049,000 4,346,000
Right of use assets - Ground leases (operating) 0 21,836,000 0
Total real estate properties acquired 139,895,000 403,611,000 160,104,000
In-place lease intangibles [2] 10,331,000 27,102,000 7,242,000
Above market lease intangibles [2] 207,000 121,000 0
Below market lease intangibles [3] (7,334,000) (18,987,000) (2,230,000)
Operating lease liabilities - Ground leases [4] 0 (21,836,000) 0
Total assets acquired, net of liabilities assumed $ 143,099,000 $ 390,011,000 $ 165,116,000
Weighted Average Remaining Lease Term of Acquired Properties 9 years 2 months 12 days 5 years 3 months 18 days 6 years 4 months 24 days
[1] See Ground Leases discussion below for information regarding the Company’s right of use assets for ground leases.
[2] In-place lease intangibles and above market lease intangibles are each included in Other assets, net on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.
[3] Below market lease intangibles are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition.
[4] Operating lease liabilities Ground leases are included in Other liabilities on the Consolidated Balance Sheets. These costs are amortized over the remaining terms of the associated leases in place at the time of acquisition